Here's your summary from Stocks Will Be Range-Bound, Bernstein's Contopoulos Says (https://www.youtube.com/watch?v=YMTjh3PYn_8) on the Bloomberg Television channel:

**TLDR:** Stocks are expected to remain range-bound due to economic data and inflation concerns, with corporate credit valuations being unattractive.

1. The market is likely to stay range-bound until there is significant movement in economic data, with concerns about inflation potentially leading to a reacceleration.

2. The Federal Reserve may not cut rates despite economic data suggesting a case for it, as inflation and GDP numbers remain relatively strong.

3. Corporate credit fundamentals are strong, but valuations are unattractive, leading to a lack of movement in spreads and a focus on risk-free assets.

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